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Klemens Hallmann Files for Personal Insolvency in Vienna, Proposes 30% Creditor Payout

The Handelsgericht Wien will assess his restructuring plan following a severe downturn in real estate financing.

Babrara Meier und Klemens Hallmann beim BAMBI 2024
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Milliardär Klemens Hallmann steckt in finanziellen Schwierigkeiten.

Overview

  • Hallmann applied for a Schuldenregulierungsverfahren seeking a Sanierungsverfahren with self-administration at the Handelsgericht Wien.
  • Court documents and creditor advocates list about 102 creditors with roughly €95 million in claims, including around €75 million tied to guarantees.
  • He is offering a 30% repayment to creditors within two years under the proposed plan.
  • Filings cite declared assets of approximately €5.865 million, including real estate and stakes in related companies, with orderly asset sales planned to fund the quota.
  • Company representatives say Hallmann Holding is not affected, and a related subsidiary, SÜBA AG, completed a separate restructuring in July with a 20% plan.